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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (166151)

12/18/2020 8:50:17 AM

From: TobagoJack

Respond to of 219559

Re <<Nation’s poverty rate has risen at the fastest pace ever this year after aid for the unemployed declined>>

... is going to prove very troublesome to the authorities and they must try to divert attention from what they have wrought

Bloomberg mailing the day

Gold is safe from Bitcoin, according to Goldman. While the cryptocurrency may pinch some demand, the precious metal's standing as the inflation hedge of choice will endure and the two can coexist.

The case against Bitcoin: Institutions and wealthy investors avoid cryptocurrencies due to transparency issues, while speculative retail investment causes Bitcoin to act as an excessively risky asset, Goldman said. "We do not see evidence that Bitcoin's rally is cannibalizing gold's bull market."

Another gold bull: BlackRock said bullion may surge to an all-time high if real U.S. interest rates continue to move lower. With the Fed reaffirming its dovish stance, gold should remain supported. If investors start moving some of the capital currently held in negatively yielding debt into gold, it could be a very positive driver.